The transaction would include the transfer of EMC’s trading books and client franchise, staff, as well as parts of the IT infrastructure. The transfer is anticipated to take place gradually, starting in 2019, once the relevant approvals are obtained.

Commerzbank markedly improved its result in this year’s European Banking Authority stress test. Despite the even more challenging macroeconomic scenario, it is 2.5 percentage points above the previous test result in 2016.

Commerzbank plans to automate around 80% of selected compliance relevant checks. Amongst others this applies to anti-money laundering processes and necessary sanctions checks. To thisend, Commerzbank has begun a partnership with the fintech company Conpend.